Actually the numbers were already projected a couple of years into the future. Realistically one shouldn't value Tropicana at any more than about 30c/share ATM.
Firstly the numbers of $1b i used was IGO's MC at peak.
But back to Trop, it's still unproven. $50/oz IGV at this stage would be generous.
The numbers I used in the previous posting was $200m. (doubling reported 3m ozs to 6m at 100/oz IGV)
Well, remember NCM sold it's 22% share of the much more advanced, and at this stage far bigger Boddington project for $225m.
I like Trop, but it's important not to get too far ahead of oneself.
If they can prove up further, with some sort of feas study at current Au price, then $100/oz IGV may be possible
independence ripe for takeover, page-5
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Last
$5.92 |
Change
0.170(2.96%) |
Mkt cap ! $4.483B | |||
| Open | High | Low | Value | Volume |
| $5.88 | $5.92 | $5.77 | $21.59M | 3.669M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19043 | $5.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.92 | 118447 | 7 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |